Steve Morgan claims Liverpool would be debt-free if they accepted
his investment offer before George Gillett and Tom Hicks took
charge.
Wolves owner Morgan abandoned his bid for Liverpool in 2004
after "indecision" from the board, with Gillett and Hicks taking
control three years later but having their reign heavily criticised
by supporters for the debt taken on by the Anfield club.
"I was going to put at the time up to £70million
investment into the club," Morgan told Bloomberg. "It would have
been cash into the club. It would have pretty much reduced the debt
and got the debt down to nil."
Liverpool's debt has been estimated at £237million and
chief executive Christian Purslow has been working on securing
outside investment.
The club have to pay interest on their debt, but Morgan
added: "If I'd have been there, there wouldn't have been that
interest bill."
Morgan has bought Wolves since and is optimistic about the
future after promotion to the Premier League.
"Our plan this year and hopefully next is to establish
ourselves in the Premier League and to build," he said. "But again,
it's a step at a time. This year is about trying to establish
ourselves and then to take the club forward."
